RMCF (Rocky Mountain Chocolate Factory) Cyclically Adjusted PB Ratio: 0.32 (As of Jul. 14, 2026) — 82% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

RMCF Rocky Mountain Chocolate Factory Inc RMCF
50 GF Score
Price $1.03
GF Value $1.91
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio?

Rocky Mountain Chocolate Factory RMCF -3.77% 50 Cyclically Adjusted PB Ratio is 0.32 as of Jul. 14, 2026, which is 82% below its 10-year median of 1.78. GuruFocus rates RMCF with a GF Score™ of 50/100 and a GF Value™ of $1.91 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,445 Consumer Packaged Goods companies, Rocky Mountain Chocolate Factory ranks better than 90.31% on this metric.

As of today (2026-07-14), Rocky Mountain Chocolate Factory's current share price is $1.03. Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was $3.18. Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio for today is 0.32.

The historical rank and industry rank for Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio or its related term are showing as below:

RMCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 1.78   Max: 4.41
Current: 0.33

During the past years, Rocky Mountain Chocolate Factory's highest Cyclically Adjusted PB Ratio was 4.41. The lowest was 0.33. And the median was 1.78.

RMCF's Cyclically Adjusted PB Ratio is ranked better than
90.31% of 1445 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs RMCF: 0.33

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Rocky Mountain Chocolate Factory's adjusted book value per share data for the three months ended in Feb. 2026 was $0.559. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $3.18 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rocky Mountain Chocolate Factory  (NAS:RMCF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio Related Terms


Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio Chart

Rocky Mountain Chocolate Factory Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.17 1.35 1.11 0.46 0.80

Rocky Mountain Chocolate Factory Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.36 0.44 0.52 0.80

RMCF vs CTGL, PURE, DQWS: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio falls into.


RMCF
50GF Score
Rocky Mountain Chocolate Factory Inc RMCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.03/3.18
=0.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Rocky Mountain Chocolate Factory's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.559/326.7850*326.7850
=0.559

Current CPI (Feb. 2026) = 326.7850.

Rocky Mountain Chocolate Factory Quarterly Data

Book Value per Share CPI Adj_Book
201605 3.181 240.229 4.327
201608 3.197 240.849 4.338
201611 3.272 241.353 4.430
201702 3.216 243.603 4.314
201705 3.258 244.733 4.350
201708 3.301 245.519 4.394
201711 3.331 246.669 4.413
201802 3.313 248.991 4.348
201805 3.473 251.588 4.511
201808 3.474 252.146 4.502
201811 3.460 252.038 4.486
201902 3.422 252.776 4.424
201905 3.458 256.092 4.413
201908 3.500 256.558 4.458
201911 3.385 257.208 4.301
202002 3.215 258.678 4.061
202005 2.612 256.394 3.329
202008 2.646 259.918 3.327
202011 2.749 260.229 3.452
202102 3.123 263.014 3.880
202105 3.218 269.195 3.906
202108 3.268 273.567 3.904
202111 3.062 277.948 3.600
202202 3.136 283.716 3.612
202205 3.125 292.296 3.494
202208 2.559 296.171 2.824
202211 2.549 297.711 2.798
202302 2.297 300.840 2.495
202305 2.188 304.127 2.351
202308 2.043 307.026 2.174
202311 1.948 307.051 2.073
202402 1.685 310.326 1.774
202405 1.426 314.069 1.484
202408 1.387 314.796 1.440
202411 1.283 315.493 1.329
202502 0.903 319.082 0.925
202505 0.867 321.465 0.881
202508 0.786 323.976 0.793
202511 0.770 324.122 0.776
202602 0.559 326.785 0.559

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.32 mean?
Rocky Mountain Chocolate Factory (RMCF) has a Cyclically Adjusted PB Ratio of 0.32 as of Jul. 14, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Rocky Mountain Chocolate Factory and its competitors. This is 82% below median its historical median of 1.78. Over the past decade, Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio has ranged from 0.33 to 4.41. According to the industry distribution chart, Rocky Mountain Chocolate Factory ranks #140 out of 1445 companies in the Consumer Packaged Goods industry, placing it in the top 9.7%.
Is Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio too high?
Rocky Mountain Chocolate Factory's current Cyclically Adjusted PB Ratio of 0.32 is 82% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 4.41. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Rocky Mountain Chocolate Factory's value of 0.32 is 74.4% below this industry median. Based on the distribution chart, Rocky Mountain Chocolate Factory ranks #140 out of 1445 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Rocky Mountain Chocolate Factory has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio compare to CTGL and PURE?
According to the Consumer Packaged Goods industry distribution chart, Rocky Mountain Chocolate Factory ranks #140 out of 1445 companies for Cyclically Adjusted PB Ratio. This places Rocky Mountain Chocolate Factory in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Rocky Mountain Chocolate Factory's value of 0.32 is 74.4% below this benchmark. Historically, Rocky Mountain Chocolate Factory's own Cyclically Adjusted PB Ratio has ranged from 0.33 to 4.41 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.25, Rocky Mountain Chocolate Factory has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,445 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rocky Mountain Chocolate Factory's current Cyclically Adjusted PB Ratio of 0.32 is 74.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Rocky Mountain Chocolate Factory and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocky Mountain Chocolate Factory's current Cyclically Adjusted PB Ratio is 0.32, which is 82% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocky Mountain Chocolate Factory stock overvalued right now?
Based on GuruFocus' analysis, Rocky Mountain Chocolate Factory (RMCF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.91, compared to a current price of $1.03 — trading 46.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 82% below median its 10-year median of 1.78 and 74.4% below the Consumer Packaged Goods industry median of 1.25. Rocky Mountain Chocolate Factory's overall GF Score™ is 50/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Rocky Mountain Chocolate Factory (RMCF), the current Cyclically Adjusted PB Ratio is 0.32 as of Jul. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Rocky Mountain Chocolate Factory (RMCF) Overvalued in 2026?

Based on GuruFocus' analysis, Rocky Mountain Chocolate Factory stock appears to be undervalued. The current stock price of $1.03 is trading 46.1% below its estimated GF Value™ of $1.91. GuruFocus considers Rocky Mountain Chocolate Factory to be Possible Value Trap.

Key valuation signals for RMCF:

  • Cyclically Adjusted PB Ratio: 0.32 (82% below median its 10-year median of 1.78)
  • GF Value™: $1.91 vs. price of $1.03 (46.1% below fair value)
  • GF Score™: 50/100 with 9 warning signs
  • Industry Position: 74.4% below the Consumer Packaged Goods median (#140 of 1445)

No single metric tells the full story. See the RMCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rocky Mountain Chocolate Factory Business Description

Other Exchanges RMFA:Germany
Address 265 Turner Drive, Durango, CO, USA, 81303
Rocky Mountain Chocolate Factory Inc operates as a manufacturer of chocolate candies and confectionery products. The company prepares numerous products, including caramel apples in the store. The business activity of the firm functions through Franchising, Manufacturing, Retail Stores, and Others. The company derives maximum revenue through manufacturing activities. The products of the company include varieties of Clusters, Caramels, Creams, Toffees, Mints, and Truffles.
50GF Score

Get the complete analysis for RMCF

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.03
Price
$1.91
GF Value